Roivant Sciences Ltd (ROIV)

Number of days of payables

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
Payables turnover		12.92	18.28	13.93	12.15	15.89	12.79	13.57	5.22	22.41
Number of days of payables	days	28.26	19.97	26.20	30.03	22.98	28.54	26.90	69.98	16.29

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.92
= 28.26

The number of days of payables for Roivant Sciences Ltd has shown a fluctuating trend over the past few quarters. As of March 31, 2024, the company takes approximately 28.26 days to pay off its accounts payable. This represents an increase compared to the previous quarter (Dec 31, 2023) when the number of days of payables was 19.97 days, indicating a longer period to settle its obligations.

Looking back over the past year, the number of days of payables has ranged from a low of 16.29 days on March 31, 2022, to a high of 69.98 days on June 30, 2022. This variability suggests that Roivant Sciences Ltd may have experienced fluctuations in its payment practices and relationships with suppliers during this period.

Analyzing the data, it is important to note that a longer number of days of payables may indicate that the company is taking longer to pay its suppliers, potentially affecting relationships or cash flow management. Conversely, a significantly short number of days of payables could imply efficient cash management but may also raise questions about the company's ability to negotiate favorable payment terms.

Overall, monitoring the number of days of payables is crucial for understanding Roivant Sciences Ltd's payment practices and its impact on working capital management and supplier relationships.